RBI will take required action to keep inflation in check: FM Sitharaman

In a recent report the RBI said that the retreat of inflation is expected to be stubborn and beset by supply shocks in the upcoming year

The Reserve Bank of India (RBI) will take necessary steps to manage inflation within "expected limits", Finance Minister Nirmala Sitharaman said at a post-Budget event in Jaipur on Monday.

"In emerging markets, the situation is unique to each of the countries. In that I think, RBI is watching the Indian economy and taking a call as and when it is required," she said. The retail inflation breached the RBI's upper-tolerance limit of 6.52 per cent in January after staying under it for two consecutive months. 

In a recent report, the RBI said, "Over the year ahead, the retreat of inflation